MARKETS ARE TUMBLING AROUND THE WORLD — INDONESIA CRASHES AGAIN

The Jakarta market has been getting absolutely wrecked. For the
second day in a row it has fallen more than 5%, as it's the
latest focal point for the big story of the year, which is the
rush of money out of emerging markets.

Nearby, the Thai market (the SET) lost 3%.

Other losers:

Japan -2.6%

Italy -2%

Germany -1.2%

Spain -1.8%

Meanwhile, US Treasuries have finally caught a little bit of a
bid on the flight to safety, as the yield on the 10-year drops to
2.81%.

Meanwhile, even commodities are getting smoked. Gold and silver
lower.

So the big themes right now are a general risk offishness, with
real pain focused on emerging markets.